XML 43 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
Note 18 - Subsequent Events
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

18. SUBSEQUENT EVENTS

 

OECD Developments

 

In January 2025, the OECD released new Administrative Guidance on the application of the GloBE Model Rules. The Company will continue to evaluate the impact of this release or of other prospective guidance on its future global tax provision.

 

Cash Dividend Increase

 

In February 2025, the Board of Directors approved an increase in quarterly cash dividends from $1.25 per share to $1.56 per share.

 

Stock Repurchase Program

 

In February 2025, the Board of Directors approved a new stock repurchase program authorizing the Company to repurchase up to $500.0 million of its common stock through February 2028Shares are retired upon repurchase. The repurchases, if any, will be funded from available working capital and cash repatriation from its subsidiaries.

 

Stock repurchases under the program may be made through open market repurchases, privately negotiated transactions or other structures in accordance with applicable state and federal securities laws, at times and in amounts as management deems appropriate. The timing and the number of any repurchased common stock will be determined by the Company’s management based on the evaluation of market conditions, legal requirements, stock price, and other factors. The repurchase program does not obligate the Company to purchase any particular number of shares and may be suspended, modified, or discontinued at any time without prior notice.